BNR pushes for further digitalization of the tax system
Officials from the National Board of Revenue (NBR) have focused on continuing to digitize the country’s tax system in order to provide better services to taxpayers, speed up revenue collection and reduce government spending. State.
Speaking at a seminar on âRole of Income Tax in Implementing Vision and Building Future Bangladeshâ on Tuesday, NBR officials called for full automation of the system. in order to reduce the bottlenecks created by the existing traditional system, by providing better services.
âBangladesh’s tax system is still very traditional. This disrupts service delivery, delays revenue collection and, most importantly, increases state cost management, âsaid NBR fiscal member Md Shamsuddin Ahmed during the presentation of the keynote presentation at the seminar organized at the meeting room of the NBR building in the capital.
âTherefore,â he said, âit is time to fully automate the revenue system with process simplification, audit selection, information-based assessment and integrated management program. revenge (IRMP) of the system “.
Shamsuddin said new technologies have posed challenges for the income tax department and urged officials to be trained to use these technologies.
âTax officials should acquire specialized knowledge and training nationally and internationally on modern technologies, including data mining, data analysis, cloud computing, cryptocurrency, legal accounting, tax intelligence and cybersecurity, âthe NBR official said.
Meanwhile, chairing the seminar, NBR President Abu Hena Md Rahmatul Munim said that Bangladesh’s national budget is determined on the basis of income and the easiest and most logical way to achieve l he budget goal is to increase the revenue collection net.
He asked for the cooperation of taxpayers in this regard, saying: âTheir [taxpayers] the tendency for tax evasion must be reduced. At the same time, our public and private organizations should reduce the tendency to seek tax exemptions. “
Commenting on the digitization of the tax system, Munim said that the NBR, together with the Institute of Chartered Accountants, has launched the Document Verification System, which allows authorities to detect false audit reports.
Meanwhile, speaking as the main guest of the event, Minister of Law Anisul Haque said, âWe need to be more responsible in spending taxpayer money. We have to make sure that the money is not wasted or misused and that it is used in the best possible way. “
He informed that the collection of income tax has grown by 23.63% in fiscal year 2020-2021.
The Minister of Justice said: âOur goal is to increase government revenue to 19.55% and 24.15% of gross domestic product in 2031 and 2041, respectively. 2041.
Also speaking at the program as a special guest, Jasim Uddin, Bangladesh Federation of Chambers of Commerce and Industry (FBCCI), urged determining income tax on the basis of income.